Initially traders often take on the role of day trading as a way of trying to win money from the markets. The odds of success are very low in day trading (unless trading clients money), yet traders continue to blow their account doing so. Trend following is based on the principle that price has provided [...]
Hello traders, Last week was another profitable week for Dynamic Traders and we spent less time than it takes the average person to commute to work in London. Friday was NFP and while the scalpers tried desperately to pick up a few pips, we managed our existing positions and did nothing. The end result was more profits [...]
Hello traders, Today we will analyse the trend of the British Pound. The chart below shows a monthly view of GBPUSD with Advanced Get XTL price action. Currently XTL is black suggesting price is devoid of a decent trend and the market noise is excessive. Price also has been range bound over a few years. [...]
Hello trend traders, Since the beginning of December 2012 we have seen an explosion is some of the currencies we have been tracking through the latter part of November. The Yen crosses were on that list and all have performed very well. Today we will look at the USDJPY pair. Below are two charts of [...]
Hello traders, Our positions in the Euro Dollar currency are risk free. Price has reached the MoB and we now wait for a continuation or a reversal. We have divergence which indicates we may have a pullback/reversal at some point. Until price shows its hand, we have to assume the trend is still intact and [...]
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